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Shares Clear On Wednesday Wednesday, New York Stock increased by 15%, closing at $ 45.82 after the Swedish Fintech price is higher than its expected range.
Klarna, known for its popular purchase now, pay later at the price of $ 40 On Tuesday, raising $ 1.37 billion for the company and existing shareholders.
IPO notes the latter in the growing list of high -profile technology this year, assuming that increases Demand with Wall -States for new sentences. Companies such as a stablaca issuer Wheel and development of the software platform Fig flew into the relevant debut. Meanwhile, Crypto Exchange Gemini is expected to become public later this week.
“It is really just a milestone for me,” said Klarna CEO Sebastian Symotkowski in an interview with CNBC on Wednesday. “It’s a bit like a wedding. You are preparing so much and you plan it and it’s a big party. But in the end, the marriage continues.”
As the day passes, the shares opened at $ 52. At the end of the campaign, approximately $ 17.3 billion was estimated.
The entrance of the cloud to the public markets checks the excitement of Wall -Story about the direction of its business. The company in recent months has talked about its transition to banking, deploying a debit card and personal deposit accounts in the US
So far, Klarna has signed 700,000 card customers in the US and has 5 million people in the waiting list, Siemiatkowski CNBC said. He added that Klarna Card is a different opinion for the Fintech Card offer that has collected 2 million users since launching in 2021.
“We attract a slightly different audience, perhaps on the map,” Symotkowski said. “I have the impression that this is a more card where people use it to just be able to finance with interest on a little tickets.”
In addition to the statement, the cloud also competes with the AfterPay, which was purchased for 29 billion dollars in 2021, now a unit Block.
The cloud is facing some potential regulatory winds. In the UK, the government has proposed new rules to make BNPL loans under official supervision to solve accessibility issues regarding the market.
A Banner for the Swedish Fintech Klarna hangs on the front of the New York Stock Exchange (NYSE) to celebrate the IPO company in New York, USA, September 10, 2025.
Brendan McDerdia | Reuters
IPO is ready to get billions of declarations for some long -standing Klarna investors. Existing shareholders offer the bulk of Klarna’s stock – 28.8 million in the public market. The IPO price is $ 40, which means almost $ 1.2 billion. Meanwhile, the cloud has raised $ 222 million from IPO.
Sequoia, which first supported Klarna in 2010, has invested $ 500 million. The venture firm sold 2 million its 79 million shares to the IPO, that is, it brought a total profitability of about $ 2.65 billion, based on the cost of the offer.
Andrew Reed, a partner in Sequoia, said CNBC that he still studied at college when the firm made its first investment in the “Alternative Payment Company in Stockholm”. According to him, early work was going on in Europe.
“Being here in New York 15 years later, with more than 100 million consumers and more than $ 100 billion of GMV (gross value of goods) and nearly one million merchants, it staggers that Sebastian said,” said Reed.
Another Klarna investor was not lucky. Japan Soft banks headed the 2021 financing in Klarna with an estimate of $ 46 billion and since then saw the value of her share Snuggle up significantly.
